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Class action members benefit when funder’s payout in line with risk, judge says
Accounting 2023-01-13 10:37 pm By Christine Caulfield

In reasons for approving a $41 million deal to settle one of three shareholder class actions over Slater & Gordon’s acquisition of a UK firm and awarding the funder 28 per cent, a judge has challenged a persistent notion that the interests of litigation funders and group members are at odds.

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Top 10 class action settlements of 2022
Adam Hochroth 2023-01-06 3:23 pm By Sam Matthews

Class action settlement sums reached new highs last year, with the ten largest agreements totalling almost $1 billion, almost half of which was secured by one plaintiff law firm.

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Santos loses appeal over $4.7B Barossa offshore drilling project
Allens 2022-12-02 1:14 pm By Cindy Cameronne

Santos has lost its challenge to a judge’s decision to revoke approval for its $4.7 billion offshore gas project because Tiwi Islanders were not properly consulted about the project.

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Pitcher Partners’ $41M class action settlement gets nod
Andrew Roe 2022-10-28 11:04 pm By Cindy Cameronne

A judge has approved a $41 million settlement in a shareholder class action against Pitcher Partners but has reduced the funder’s cut to $11.5 million after resolving a feud with the lead applicant over how much it should receive for taking the case to trial.

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Santos appeals ruling pausing $4.7B offshore drilling project
Allens 2022-09-28 11:48 pm By Cindy Cameronne

Santos has filed an appeal after Tiwi Islanders won a Federal Court challenge to a $4.7 billion Barossa offshore gas project, with a judge finding they were not properly consulted about the project, which they say would harm their culture and way of life.

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Tiwi Islanders win challenge to $4.7B Santos offshore drilling project
Allens 2022-09-21 11:29 pm By Cindy Cameronne

Tiwi Islanders have won a Federal Court challenge to the $4.7 billion Barossa offshore gas project, with a judge finding they were not properly consulted about the project, which they say would harm their culture and way of life.

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EY settlement in class action over Slater & Gordon audits approved
Accounting 2022-08-05 2:05 pm By Cindy Cameronne

A judge has blessed Ernst & Young’s settlement with shareholders in a class action alleging the firm, along with Pitcher Partners, approved an overly rosy year-end financial report related to Slater & Gordon’s disastrous $1.2 billion acquisition of UK business Quindell.

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Family who forged will of ‘worst landlord’ still at loggerheads over properties
Estates 2022-07-21 10:33 pm By Sam Matthews

A judge has flagged the “regrettable” prospect of further litigation in relation the estate of  Melbourne businessman Frank Cassar, following a finding that Cassar’s will was forged in a conspiracy by his widow, daughter and son who feared losing his multimillion-dollar business empire after his death.

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Judge questions if Tiwi Islanders disqualified from challenging Santos drill plan
Allens 2022-07-13 10:33 pm By Cindy Cameronne

A judge has questioned whether Tiwi Islanders’ delay in filing an application to stop Santos from beginning drilling on an offshore gas project this month may have doomed the bid.

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EY settles class action claims over Slater & Gordon audits
Accounting 2022-05-26 10:49 pm By Cat Fredenburgh

Ernst & Young has settled all claims against it in a shareholder class action alleging the Big Four accounting firm and Pitcher Partners signed off on an overly rosy year-end financial report that failed to disclose risks and impairments associated with the law firm’s disastrous $1.2 billion acquisition of UK insurance claims company Quindell.

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